Born and raised in poverty, Mr. Truong Van Thang, Chau village, Hoang Dan commune (Tam Duong) always tried to escape poverty, but due to lack of investment capital, poverty kept haunting him and his family.
Currently, the Tam Duong District Social Policy Bank Transaction Office is implementing 16 policy credit programs with a total outstanding loan balance of over VND572 billion. Of which, outstanding loans for job creation are over VND262 billion with over 4,300 customers borrowing capital; outstanding loans for poor, near-poor, and newly escaped-poverty households are over VND72 billion with over 1,250 customers still in debt...
Accumulated from the beginning of the year to the end of May 2025, the Transaction Office of the Social Policy Bank of Tam Duong district has disbursed more than 61 billion VND to 937 customers; of which, more than 2.6 billion VND was disbursed to 39 poor, near-poor, and newly escaped-poverty households borrowing capital for economic development and job creation.
Deputy Director of the Tam Duong District Social Policy Bank Transaction Office Nguyen Thanh Trung said: In order for the loan capital to be used effectively and for the right purpose, the District Social Policy Bank Transaction Office coordinates with local authorities and socio-political organizations to guide borrowers in choosing appropriate economic development models, integrating agricultural extension programs, transferring science and technology; at the same time, regularly inspecting the actual use of loan capital by households.
Through inspection and supervision, it is shown that the majority of households use loans for the right purposes. Policy credit capital has truly become a "support" for people, especially the poor and policy beneficiaries, to have more resources to invest in economic development, contributing to arousing the awareness of self-reliance to escape poverty, improve income, and improve the quality of life. At the same time, it contributes to reducing the poverty rate of the district from 0.68% in 2020 to 0.36% in 2024.
In the coming time, the Transaction Office of the Social Policy Bank of Tam Duong district will continue to coordinate with localities, associations and organizations entrusted to review people's loan needs to conduct timely, public and transparent loan evaluation; promote propaganda and dissemination of preferential credit programs; strengthen inspection and supervision to ensure that borrowers use capital for the right purpose and effectively...
Phuong Anh
Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/129969/“Don-bay”-giup-nguoi-dan-phat-trien-kinh-te
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